FEMA has updated the manual which insurance companies use to write flood insurance policies. The comprehensive manual provides answers to just about any question a REALTOR® or REALTOR® Association staffer may have regarding flood insurance, ranging from how condos are treated to rate tables as revised by the Homeowner Flood Insurance Affordability Act enacted earlier this year. Prior to releasing the new Manual, FEMA issued a series of a NFIP iService Bulletins which are supplemental to the October 1st manual. Presented in one place, these are the key insurance bulletins that implement the rate relief and refund procedures under the new law. Click here to view the manual.
Also, FEMA has announced a redesign of their Map Service Center (MSC). In addition to a streamlined and intuitive user interface, the upgraded MSC provides a number of new features and benefits to the public. For a summary of changes, please see the New FEMA Flood Map Service Center factsheet.
FEMA is encouraging all users to try out the new site and provide them with any feedback you may have related to the redesign.